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Golden Alliance Retains Investor Relations
Consultants
Golden Alliance Resources Corporation (TSX-V: GLL, "Golden
Alliance" or "the Company") is pleased to announce it has
retained San Diego Torrey Hills Capital, Inc. ("Torrey Hills
Capital") to act as an investor relations consultant to the Company, to
assist with corporate finance and investor relations programs.
Torrey Hills Capital is a leading investor and financial public relations
firm specializing in small and micro-cap companies, primarily in the natural
resource sector. Torrey Hills Capital has been retained to increase awareness
about Golden Alliance through its established relationships with investment
professionals, investment advisors, and money managers focused on the
microcap market space.
Torrey Hills Capital has also agreed to develop a profile for Golden Alliance
for coverage on its website, www.babybulls.com, developed to showcase and
provide exposure for emerging micro-cap companies to an audience of proven
micro-cap investors.
Torrey Hills Capital has been engaged for a term of twelve months at a
monthly fee of US$5,000. In addition, Golden Alliance has agreed to grant to
Torrey Hills Capital options to purchase 50,000 Golden Alliance common
shares. These options are exercisable at a price of $0.88 per common share,
expiring on January 6, 2013, subject to a four month hold period, and shall
vest in accordance with the provisions of the Company's stock option plan
therein and the policies of the TSX Venture Exchange.
Torrey Hills Capital appointment as an investor relations consultant to
Golden Alliance and the granting of the stock options are subject to
regulatory acceptance of applicable filings with the TSX Venture Exchange.
About Golden Alliance Resources Corp.
Golden Alliance is a new company focused on gold, copper and silver
exploration in Peru. The Company has a very strong portfolio of 100%-owned
projects totaling 25,000 ha in Peru offering multiple opportunities for
significant discoveries. The Company's focus is on two previously-drilled
projects, the Rio Tabaconas Gold Project and the Cocha Copper-Silver-Gold Project where intensive
exploration programs are planned. Golden Alliance offers exceptional growth
potential for shareholders with an attractive portfolio of highly-prospective
exploration projects and a good pipeline of drill-ready acquisition opportunities
under review. Golden Alliance is a member of the Grosso
Group, a management company with over 18 years of experience in South
America, and active in Peru since 1995.
ON BEHALF OF THE BOARD
"Joseph Grosso"
_______________________________
Mr. Joseph Grosso, President & CEO
For further information please contact:
Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: info@goldenalliancecorp.com
Neither
TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This news release may
contain forward-looking statements. Forward-looking statements address future
events and conditions and therefore involve inherent risks and uncertainties.
Actual results may differ materially from those currently anticipated in such
statements. Readers are encouraged to refer to the Company's public disclosure
documents for a more detailed discussion of factors that may impact expected
future results. The Company undertakes no obligation to publicly update or
revise any forward-looking statements.
The securities being
offered have not been, nor will they be registered under the United States
Securities Act of 1933, as amended, or state securities laws and may not be
offered or sold within the United States or to, or for the account or benefit
of, U.S. persons absent U.S. federal and state registration or an applicable
exemption from the U.S. registration requirements. This release does not
constitute an offer for sale of securities in the United States.
2011
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